Moody’s: PH credit rating remains GAA2

Moody’s Investors Service has pointed out that the Philippines has maintained its GAA2 credit rating. GAA2 means that the country is fully capable of servicing its debts. The economy is stable and its institutions are running moderately. There is no problem with the funds and there is very little possibility that it will be affected by the negative effects of other economies. The American business and financial service company, however, urged the Duterte Administration to focus on its economic growth instead if its war agains illegal drugs.